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Discussion Questions How does a business create a competitive advantage? Define customer-centric and operational-centric as it relates to a business. Discuss the differences in strategy

Discussion Questions

  1. How does a business create a competitive advantage?
  2. Define customer-centric and operational-centric as it relates to a business.
  3. Discuss the differences in strategy between a customer-centric business and an operational-centric business.
  4. What are the common reasons a business might run out of cash?
  5. What are the typical sources of cash when a business needs additional working capital?

Exercises/Problems

  1. For each of the following, indicate whether it is a customer-centric or operational-centric business.

Business

Customer-Centric or

Operational-Centric?

Tiffany & Company
Walmart
L.L. Bean
Michael Kors
Apple
The Dollar Store
The Sharper Image
McDonald's
The local credit union
Dell Computer
United Airlines
Motel 6
Ritz-Carlton Hotels
Costco
Bank of America
Microsoft
A gas station
Four Seasons Restaurant
Taco Bell
The Department of Motor Vehicles

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